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Solutia Acquires Window Film Firm Novomatrix

10:19 AM MDT | May 3, 2010 | Lindsey Bewley

Solutia says it has acquired Novomatrix (Singapore), a marketing and distribution firm of high-technology performance window films for the automotive and construction industries for $73 million. The acquisition was financed through existing cash and did not require additional third-party financing, Solutia says.   “This acquisition supports our growth strategy for the Performance Films division and bolsters our talent base in Asia,” says Jeffry N. Quinn, chairman, president and CEO of Solutia.  “As Solutia looks to the future, we are...

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